The Transfer Problem Under Uncertainty

Tran Huu Dung and Rishi Kumar
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Tran Huu Dung: Wright State University
Rishi Kumar: Wright State University

Indian Economic Review, 1989, vol. 24, issue 2, 198-205

Abstract: This paper examines the welfare effects of an international commodity transfer when the volume of the transfer is uncertain. It shows that, if there is strong risk aversion, the recipient (the donor) could be absolutely worse off (better off) as a result of such transfer.

Date: 1989
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